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Daily (03.12.2018): EUAs continued their bullish run on Friday, posting an increase of over 2%
A stronger dollar and global oversupply put pressure on oil prices on Friday. Nevertheless, losses were limited ahead of the 175’th Summit in Vienna, where OPEC and Russia will potentially talk about measures to reduce output. Brent crude price was 1.3% down at $58.71 a barrel, or more than a 1-year low. WTI crude also fell 1% to $50.93 a barrel.
read more... 03/12/2018
Daily (30.11.2018): WTI crude rose 2.3% on Thursday ahead of the G-20 summit
Oil crude prices jumped on Thursday, on positive expectations that the G-20 meeting would help global economy and would lead to a rise in demand. Brent crude price traded 1.3% up at $59.51 a barrel. At the same time, WTI crude surged 2.3% to $51.45 a barrel.
read more... 30/11/2018
Daily (29.11.2018): NBP spot gas price lost almost 5% on Wednesday, due to an oversupplied system
A decrease in oil crude prices was seen on Wednesday due to global oversupply. The price for Brent declined by 2.4% to $58.76 a barrel, or more than 30% down from a 4-year high reached in October. OPEC is planning a summit in Vienna next week to discuss the necessity of output reductions. Meanwhile, WTI crude traded 2.5% down at $50.29 a barrel.
read more... 29/11/2018
Daily (28.11.2018): Power year-ahead prices rose by over 2% on Tuesday, following the upward trend in coal market
An increase in crude stocks and continuing US-China trade concerns weighed down on oil prices on Tuesday. Nevertheless, expectations for a cut in production limited losses. Brent crude edged 0.5% lower at $60.21 a barrel, while WTI crude slipped by 0.1% to $51.56 a barrel.
read more... 28/11/2018
Daily (27.11.2018): German spot power price hiked by 22% on Monday, on lower wind generation forecasts
Oil prices gained ground on Monday, on expectations for a reduction in Saudi Arabia’s output, which hit a record level of approximately 11 million barrels per day this month. Moreover, crude inventories at the delivery point for WTI at Cushing, Oklahoma rose less-than-predicted from Tuesday to Friday. However, gains were capped by persisting uncertainty over global economic growth. Brent crude was at $60.48 a barrel, while WTI crude ended at $51.63 a barrel, adding 2.9% and 2.4% respectively.
read more... 27/11/2018